Fintech Finance Presents: The Paytech Magazine Issue 07
Our final magazine of the year, The Paytech Magazine is now live!
Well, what a year that was! As we all draw breath, our final magazine of 2020 sums up just how transformational the past 12 months have been – not least in payment services.
The collapse of Wirecard (unrelated to the pandemic, but nonetheless significant); citizens abandoning cash at an unprecedented rate; digital adoption graphs off the scale; online shopping demographics that no one ever expected to see. While we might not miss the check-out queues, the inevitable corresponding spike in cybercrime is an unwelcome consequence of this crisis-induced acceleration – and it’s a problem that needs radical solutions, fast.
This was also the year in which the neos grew up, standing shoulder to shoulder with their elders to deliver consumers and SMEs from peril. Their strategic importance to the world’s fiscal flows now at last recognised, what now? We’ll be back to explore that thought in the New Year!
14 Tracking and tracing – Intix helps to automatically trace transactions as they progress through a bank, and track and store every item of data relating to them. It’s not just an internal hygiene factor, but a powerful tool to aid business decision-making
31 A moving target Nettitude was one of the earliest cybersecurity specialists to take a forward-looking, threat-based approach to penetration testing. Banks’ experience during the pandemic has only gone to show how right it was
56 The year of the Cloud Cloud hosting’s advantages became obvious in 2020, as transaction volumes surged and banks had to rethink operating models. ACI’s Ciaran Chu and Kuda’s Babs Ogundeyi explore what the technology means for legacy banks and neos
59 Opening up the future of payments As SWIFT launches ambitious new plans, we caught up with ING’s Mark Buitenhek, also a SWIFT board member, to find out more about the cooperative’s thinking, the role open banking will play in reshaping the industry, and how the West can keep up with the fast-moving Asian payments landscape
API’s Retail & eCommerce
70 A world without borders for marketplace merchants Individual countries’ regulations and processes still present a challenge for marketplace merchants. But payments providers and fintechs can deliver a solution. Banking Circle’s Anders la Cour explains how
73 Keep calm and carry on trading SumUp, the payment solution for microbusinesses, pivoted in the pandemic to provide merchants that had been forced to shut up shop with a suite of online transaction services. For some, it’s proved transformational
78 Scaling the payments stack Silicon Valley Bank both lends to and banks the companies that are building the payment tools and processes of tomorrow. David McHenry ponders the impact of regulation in Europe, the advent of contextual commerce and the disruptive potential of CBDCs
81 The etrolly dash! Data from pandemic-fuelled online shopping gave Klarna an insight into our collective psyche. Can the payment solutions provider and its etailers now use it to ride a permanent digital wave?
95 Unlocking the power of partnerships Good partnerships underpin many successful fintech ventures. We asked Railsbank’s Louisa Murray and Kani’s Aaron Holmes about building a strong one and how open banking is shifting the dial
PLUS commentaries from
24 The plastic billionaire and Old Master cash Ron Delnevo, Chairman of Cash and Card Consultants, ponders whether his fortunes would have been better served investing in a priceless work of cards, not art!
Oh… and if you want a hard copy in the post, sign up HERE, and get a copy of what we can humbly claim to be the best (and only!) magazine dedicated with the word “Paytech” (sorry American payroll Association!) landing on your doorstep